Announcement regarding Moody's credit ratings

TO: Investment Community

FROM : Garanti Bank / Investor Relations

SUBJECT: Announcement regarding Moody's credit ratings

DATE: September 27, 2016

International rating agency Moody's has revised the credit ratings of 17 Turkish banks, including T.Garanti Bankası A.Ş., following the downgrade of Turkey's government debt rating to a non-investment grade. T. Garanti Bankası A.Ş.'s revised credit notes are as follows:

Former

Post Latest Rating Action

Long Term FC Deposit

Baa3

Ba2

Long Term TL Deposit

Baa3

Ba1

Short Term TL Deposit

P-3

Not-Prime

Short Term FC Deposit

P-3

Not-Prime

Baseline Credit Assessment - BCA

ba1

ba2

Adjusted BCA

baa3

ba1

National Scale Rating (NSR) Long Term Deposit

Aa1.tr

Aa1.tr

NSR Short Term

TR-1

TR-1

Outlook

Ratings under review for downgrade

Stable

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

We declare that our above statements are in conformity with the principles included in the Board's Communiqué, Serial VIII Nr. 54., that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Market Overview

FTSE 350 Risers and Fallers

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website. If you would like to change your preferences you may do so by following the instructions here.